435 Christian St Lancaster & 459 Pershing St Lancaster
For sale459 Pershing Ave, Lancaster, PA 17602
Property type
Multifamily
Unit / Space count
4
Price
$500,000
Stories
2
Lot size
4,356 SF
Number of buildings
2
Unit mix
1 1br, 2 2br, 1 3br
Bedroom count
8
Property description
Located along quiet streets in Lancaster’s growing South/East region, these two properties have a total of 4 units, and have been well maintained. There is 1 (1) bedroom unit, 2 (2) bedroom units and 1 (3) bedroom unit. Both properties have been well maintained and are professionally managed with rental licenses and lead certifications in place. Rents are under market and have room to grow, and with all tenants on month- month terms, rents can be increased soon under new ownership. All tenants have been in place for multiple years. Solid opportunity to use residential fixed loan terms while getting 4 nice units to scale up. Benefit from the appreciation taking place in Lancaster city with these solid investments.
Property highlights
- 4-unit multi-family property
- 2-story construction
- 3,100 square feet total
- Mixed unit sizes: 1-bed/1-bath, 2-bed/1-bath, and 3-bed/1-bath configurations
- Current annual rental income: $50,580
- Net Operating Income: $31,285